Real Estate Investing in Toledo, Ohio (43620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43620 (Toledo, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.4% CAGR).
- Elevated poverty: 33.7% poverty rate — can affect rent collection.
- Lower household income: $22,361 median — tenant affordability is tighter.
What’s happening in Toledo, OH (43620)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43620 Toledo
The 43620 ZIP in Toledo, OH is a local-operator market. Outside capital chasing a $94K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43620 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 43620 and stronger Toledo ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 43620 includes headwinds that any investor should price in. Income distribution skews lower than Toledo averages, and tenant stability requires active management.
Distressed ZIPs reward experience. substantial returns are possible in 43620, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Toledo:
Property Strategy for 43620
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $69,948 | $1,250 | 12.9% | +4.7% | $23,316 |
| 4BR | $95,927 | $1,310 | 9.8% | +3.8% | $23,982 |
| 5BR | $198,227 | — | — | +6.8% | $39,645 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43620 Compare?
| Metric | 43620 | Toledo | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $94,087 | $114,691 | N/A | $237,530 |
| 5-Year CAGR | 0.4% | 5.0% | N/A | 7.4% |
| Avg Rent | $800 | $1,123 | N/A | - |
| Cap Rate | 6.6% | 8.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43620 (Toledo, OH). Anonymous, moderated, never written by AI.
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Property managers serving Lucas County
Manage rentals here? List your business →Flex Realty Property Management has been providing high quality and personal property management services in Toledo, Ohio since 1991. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $94,087 |
| Monthly Rent | $800 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.6% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +0.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43620
Population: 5,039
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43620
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Sherman Elementary School
Toledo Public Schools Virtual Academy
Birmingham Elementary School
Burroughs Elementary School
East Broadway Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Toledo, OH?
Average rent in Toledo, OH is approximately $800/mo per month. Against $94K home values that yields a reasonable rent-to-price ratio.
What price range are homes in Toledo, OH?
Toledo, OH median home values land near $94K. That is reasonable territory for investors looking at $800/mo-per-month rentals.
How tight is the rental market in Toledo, OH?
Rental vacancy in Toledo, OH is elevated. Investors should budget normal turnover but not chronic empty units.
What investment strategy works best in Toledo, OH?
Toledo, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($94K prices, $800/mo rents) make it a reasonable choice.
What is the investability score for Toledo, OH?
Investors tracking Toledo, OH will find a 3.0/5 rating supported by $94K median home values and $800/mo rents. That profile suits long-term holders targeting steady returns.
You know 43620 now. You don’t know where it ranks.
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How 43620 ranks in Toledo, OH
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